Get a deal with China and stop a good pat of America from bleeding How many billions to farmers ? Some might call that a bribe And what of all the others hurt with his tariff crap?? And in closing you only want the words coming from me ?? Sorry , years ago I recognized I'm not on the highest limb of the tree ,,,Close but not there yet
Trump's 4% GDP growth promise update
- Thread starter Centrista
- Start date
Do you think that talking down the US economy, would contribute to that?
Certainly not but do things to strengthen not weaken and please tell the moron to stop going around pounding his chest as if he's the reason the sun comes up in the morning
Yes you're 100%,,, but not talk it up to an unreasonable degree Thank God for our great companies
But on the other hand he won't give AAPL a break on tariffs on stuff made in China Said to make them in America Think that will cause prices to rise?
Trump uses hyperbole all the time. EVERYONE has noticed this. Even those that pretend to be upset about his hyperbole.
So, to be clear, "talking it up", is something all Presidents do.
When the economy is good, they talk it up, hoping to encourage even more economic activity.
When it is bad, they talk it up to encourage more economic activity.
When it is so so, they talk it up, to encourage more economic activity.
Trump is being almost completely normal here.
covfefe
VIP Member
- Jul 25, 2019
- 1,030
- 6
- 71
No, there is nothing "normal"; going on here.
What we have is an incompetent bozo making promises he can't deliver on in a desperate attempt to save his failing so-called presidency.
B. Kidd
Diamond Member
Oh shit, another blast from the past thread started by an anti-Trumper.
How imaginative.....
How imaginative.....
edthecynic
Censored for Cynicism
- Oct 20, 2008
- 43,044
- 6,888
- 1,830
As you can see from the link directly from the FED, the FED last lowered the rate Dec 16, 2008, Obama was not president then. the next change in FED rate was Dec 17, 2015 and that was an INCREASE.
Are you possibly confusing the rate with effective yield?
Federal Reserve Board - Open Market Operations
edthecynic
Censored for Cynicism
- Oct 20, 2008
- 43,044
- 6,888
- 1,830
Last edited:
Once President Trump signs the budget deal that was passed by the House on Thursday and is expected to be approved by the Senate in a few days, he will have added $4.1 trillion to the national debt, according to the Committee for a Responsible Federal Budget. The total national debt surpassed $22 trillion in February.
This will mark the third time that a major piece of deficit-financed legislation will get Trump’s stamp of approval. Legislation Trump has so far signed since 2017 has added $2.4 trillion to the national debt through 2029, according to CRFB, a nonpartisan public policy group.
Many investors are worried about the ballooning national debt, with 54% naming the political environment and 47% viewing national debt as their top concerns, according to a UBS second-quarter investor sentiment survey. Tax and spending policy are the main reasons for the national debt expansion from 2017 to 2029, according to CRFB.
The biggest contributor to the $4.1 trillion that will be added to the national debt through 2029 is the Tax Cuts and Jobs Act. This signature tax cut legislation signed by Trump in 2017 single-handedly increased the debt by $1.8 trillion, according to CRFB.
“If you were to extend all the expiring provisions from the Tax Cuts and Jobs Act, it would be about a trillion more on top of that, so it’s hugely expensive,” says CRFB’s senior vice president Marc Goldwein. “Some of this is done on a partisan basis, some of this is done on a bipartisan basis. But it’s all part of a culture of no longer worrying about how we’re going to pay for things and just assuming that future generations are going to cover the bill.”
The budget deal that was passed last year added $445 billion to the national debt. And when he signs the 2019 Bipartisan Budget Act after it goes to the Senate next week, Trump will make spending increases in the legislation permanent, growing the national debt by $1.7 trillion through 2029.
The remaining $155 billion of debt added during Trump’s first term comes from other legislation, including disaster relief, emergency spending bills, and delays in three Affordable Care Act taxes, according to CRFB.
Impact to GDP
U.S. GDP growth fell to 2.1% in the second quarter. CRFB estimates that the new budget deal will bring debt to 97% of GDP in 2029 once that $4.1 trillion figure is added to the existing $16.2 trillion in debt and $9.8 trillion projected to be borrowed over the next 10 years.
“We are the most powerful economy in the world and we’re the world’s reserve currency and we borrow at our own currency. And for those three reasons we’re not going to default on our debt, but that doesn’t mean that we can borrow without consequences,” says Goldwein.
The ballooning national debt will cause GDP growth to slow down further, he says. “The more we borrow, the more we have to count on capital from abroad, or else no capital at all to fund our investments and the slower growth is going to be over time. We’re already headed towards 2% growth on the current basis, and the higher our debt is, the lower that will be.”
This will mark the third time that a major piece of deficit-financed legislation will get Trump’s stamp of approval. Legislation Trump has so far signed since 2017 has added $2.4 trillion to the national debt through 2029, according to CRFB, a nonpartisan public policy group.
Many investors are worried about the ballooning national debt, with 54% naming the political environment and 47% viewing national debt as their top concerns, according to a UBS second-quarter investor sentiment survey. Tax and spending policy are the main reasons for the national debt expansion from 2017 to 2029, according to CRFB.
The biggest contributor to the $4.1 trillion that will be added to the national debt through 2029 is the Tax Cuts and Jobs Act. This signature tax cut legislation signed by Trump in 2017 single-handedly increased the debt by $1.8 trillion, according to CRFB.
“If you were to extend all the expiring provisions from the Tax Cuts and Jobs Act, it would be about a trillion more on top of that, so it’s hugely expensive,” says CRFB’s senior vice president Marc Goldwein. “Some of this is done on a partisan basis, some of this is done on a bipartisan basis. But it’s all part of a culture of no longer worrying about how we’re going to pay for things and just assuming that future generations are going to cover the bill.”
The budget deal that was passed last year added $445 billion to the national debt. And when he signs the 2019 Bipartisan Budget Act after it goes to the Senate next week, Trump will make spending increases in the legislation permanent, growing the national debt by $1.7 trillion through 2029.
The remaining $155 billion of debt added during Trump’s first term comes from other legislation, including disaster relief, emergency spending bills, and delays in three Affordable Care Act taxes, according to CRFB.
Impact to GDP
U.S. GDP growth fell to 2.1% in the second quarter. CRFB estimates that the new budget deal will bring debt to 97% of GDP in 2029 once that $4.1 trillion figure is added to the existing $16.2 trillion in debt and $9.8 trillion projected to be borrowed over the next 10 years.
“We are the most powerful economy in the world and we’re the world’s reserve currency and we borrow at our own currency. And for those three reasons we’re not going to default on our debt, but that doesn’t mean that we can borrow without consequences,” says Goldwein.
The ballooning national debt will cause GDP growth to slow down further, he says. “The more we borrow, the more we have to count on capital from abroad, or else no capital at all to fund our investments and the slower growth is going to be over time. We’re already headed towards 2% growth on the current basis, and the higher our debt is, the lower that will be.”
The only thing there not spin, was your point that he made promises that he can't deliver on.
I take it you are new to this planet? Cause, I got some news for you, about ALL THE OTHER POLITICIANS.
Like I said. Completely ******* normal.
skews13
Diamond Member
- Mar 18, 2017
- 11,677
- 15,721
- 2,415
Donald Trump promised 4.0% GDP growth a year.
Updated - Trump-O-Meter: Grow the economy by 4 percent a year
In 2018, he fell short with 3.2% growth.
It's still early in 2019, so all we have is estimates of first quarter growth. In order for the economy to stay on track to 4% growth, Q1 must be at least /approximately 4%.
So far things don't look good at all. Economist Diane Swonk said yesterday that Q1 growth could be 1.5%:
Diane Swonk on Twitter
It looks like Trump wildly exaggerated the results he could achieve.
There will never be 4% growth under dotard. Every quarter since he assumed the budget in October 2017 has been revised down.
No, it is not.
Ironically, when you claim it is, and expect to be taken seriously?
THAT is a lie.
You are a liar.
Terri4Trump
Gold Member
- Banned
- #239
And the Socialist Democrats who took control fucked it all up.
The End.
Next please.
edthecynic
Censored for Cynicism
- Oct 20, 2008
- 43,044
- 6,888
- 1,830
Yes it is, and nobody knows it more than you.
Similar threads
New Topics
-
-
Did you know that the USA killed +/-20% of the North Korean population in the Korean war?- Started by Invisibleflash
- Replies: 0
-
How many Iranian sleeper cells did Biden bring into the US?- Started by Nostra
- Replies: 15
-
Check Out This Nonsense: Hollywood Democrats Come Back To Life — With Cash- Started by trumptman
- Replies: 3
-
